- EUR/USD remains under pressure in the 1.0800 neighbourhood.
- Interim support emerges at May’s low at 1.0766.
EUR/USD is prolonging the consolidative note in the lower end of the monthly range so far on Friday.
While further consolidation looks likely in the very near-term, a move lower to test monthly lows in the 1.0770/65 band remains well on the table in the short-term horizon.
In the meantime, the 1.1020 region – where coincide May highs and the 200-day SMA – is seen capping the upside for the time being. Above this area, the downside pressure is expected to mitigate somewhat.
EUR/USD daily chart
|Today last price||1.0813|
|Today Daily Change||26|
|Today Daily Change %||0.07|
|Today daily open||1.0805|
|Previous Daily High||1.0824|
|Previous Daily Low||1.0775|
|Previous Weekly High||1.0981|
|Previous Weekly Low||1.0767|
|Previous Monthly High||1.1039|
|Previous Monthly Low||1.0727|
|Daily Fibonacci 38.2%||1.0794|
|Daily Fibonacci 61.8%||1.0805|
|Daily Pivot Point S1||1.0778|
|Daily Pivot Point S2||1.0752|
|Daily Pivot Point S3||1.0729|
|Daily Pivot Point R1||1.0828|
|Daily Pivot Point R2||1.085|
|Daily Pivot Point R3||1.0877|
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